According to @MilkRoadDaily, a new X thread compiles ongoing analysis of the Ethereum (ETH) Treasury Flywheel for traders. Source: @MilkRoadDaily on X, 2025-08-23. Actionable data to monitor: - ETH share of DAO and protocol treasuries and rotations into or out of ETH; data available via DeepDAO treasury dashboards and Etherscan labeled wallets. Source: DeepDAO; Etherscan. - Net ETH staking deposits and validator activation/exit queues to assess supply absorbed by staking; data available via Beaconcha.in and Dune Analytics community dashboards. Source: Beaconcha.in; Dune Analytics. - L2 sequencer fee revenues in ETH and treasury movements that can create potential sell-pressure windows; data available via L2BEAT and official project transparency reports. Source: L2BEAT; Arbitrum/Optimism/Foundation disclosures. - On-chain exchange netflows for ETH and large transfers from DAO wallets to exchanges as rebalancing signals; data available via Glassnode and CryptoQuant. Source: Glassnode; CryptoQuant. - ETH derivatives funding rates and options basis around treasury activity to align spot and derivatives positioning; data available via Deribit and Binance market data. Source: Deribit; Binance.

According to @Celo, Ethereum co-founder Vitalik Buterin and Marek will participate in a fireside chat at EthPrague on May 28, 2025, discussing stablecoin use, Layer 2 (L2) revenue, and digital identity. These topics are highly relevant for crypto traders, as stablecoin adoption and L2 scaling solutions directly impact Ethereum transaction fees and network activity. Insights from the event may influence sentiment and trading strategies for ETH, L2 tokens, and stablecoin-related projects. (Source: @Celo, Twitter, May 27, 2025)